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APK Wegenbouw

Active
Public limited companyfounded 1989active for 36 yearsWinkelomseheide 217, 2440 Geel, BelgiumKBO/BCE: BE 0439.280.435
Summary

APK Wegenbouw has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €234,722. Equity is growing by about 4.8% per year across the filed financial years. Its solvency ranks better than 40% of 1,018 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
General construction of residential buildings
NACE 41001Construction of roads and motorways NACE 42110
4th largest employer in Geel, Construction sector6 sites
Size
€34.3mturnover 2025
Staff
123.9 FTE
Equity
€2.1m
Profit
€234,722
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
ALGEMENE PARTICIPATIE KERKHOFS · 100%
Auditor: Moore AuditAccounts 30 days early3 of 21 deeds read
Why 68raises riskLiquidity: current ratio 1.18, cash €180, halvedSector: Construction of residential and non-residential buildings (NACE 41)6 establishment unitslowers riskFounded in 1989Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 36% of its sector peers (NACE 41, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 51+1
equity 25.8% of total assets
Liquidity 10-1
short-term debt 74.2% · cash 0.0%
Profitability 48+10
return on assets 2.8%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (211 companies, NACE 41, medium-sized)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.6%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.8%▼ -0.2 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.18, compared with 1.24 in 2024, below the usual 1.5; short-term debt: 74.2% and cash: 0% of total assets), and 74.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, medium-sized): better than 51% on solvency, 13% on liquidity, 43% on profitability and 38% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.18, cash €180, halved
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 6 establishment units
KBO · seat and establishments
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
15 days early
2023
30 days early
2022
11 days early
2021
33 days early
2020
31 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representatives: Maarten Broens and Ward…Reappointment: Moore Audit bv (statutory…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 4th largest employer in Geel, Construction sectorin the Checked rankings No. 4 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €234,722 8 years View
  • Controlled by ALGEMENE PARTICIPATIE KERKHOFS 100% View
  • Flemish supportawarded from 2022 to 2025 €52,123 View

By topic

Financials

Financial year
2025
Turnover
€34.3m
Profit
€234,722
Solvency
25.8%
Turnover▲ 6.0%
Net result
20192025
Go to Financials

Timeline

Events
41
Since
1992
Next accounts
by 31-07-2027
  1. 14-10-2024Restructuring
  2. 01-08-2024Resignation: BURO MERTENS bv (director)
  3. 01-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
22-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“De onderneming voor het bouwen,herstellen en onderhouden van wegen; De onderneming voor…” (deed in Dutch)
Go to Articles of association

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